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Repeat flubs at Stifel over complex products: Finra
Stifel broker-dealers agree to fines and restitution of almost $3 million as a result of shortcomings in supervision and compliance related to sales of non-traditional exchange-traded products.
Raymond James extends Florida reach with $750M advisor
The IBD adds veteran woman advisor with 23 years of industry experience from Charles Schwab.
Avantax president accounts for a brand-new era
While the firm is best known for its tax expertise, Todd Mackay is talking about relationships and creating connections.
Wells Fargo Advisors continues management overhaul
Reshuffle is 'a result of the brain drain,' says one senior industry executive.
Raymond James scoops up $265M advisor in Pennsylvania
The latest recruit to join the firm’s independent advisor channel comes with a three-decade record, including 10 years at Merrill Lynch.
Finra orders Morgan Stanley to pay ex-brokers roughly $3M
An arbitration panel rules in favor of former advisors who claimed the firm had delayed compensating them for their work, violating ERISA rules.
Clock is ticking for Cetera IPO
If the brokerage is eyeing an IPO in the next five years, as sources say, it’s got a lot of work to do to get ready.
Principal on the hook for up to $5M related to alleged churning
A Minnesota-based foundation's lawsuit against the firm centers on an unnamed ex-broker's alleged churning of variable annuities.
Finra bars former ETrade employee
The former rep refused to cooperate with an investigation alleging that he transferred funds from a client account without authorization
All kinds of B-Ds, not just the giants, are making deals
'Those offers from smaller firms don’t always get as high as those from the bigger players, but they are pretty darn close,' says a recruiter.
LPL expands in Louisiana with Osaic advisor
The Lafayette-based advisor, who founded his firm in 1984, manages $150 million.
Raymond James signs $300M trio from UBS
The firm is expanding its footprint in California as it scoops up another three advisors from UBS.
Osaic adds $280M with father-daughter advisor duo
The firm is expanding its footprint in North Carolina and Maryland with a multigenerational advisory practice from Valic.
RIA gold rush fever is over: Report
'What’s missing in most cases of deals is that firms aren’t integrating the RIAs they are buying,' Mark Tibergien says.
Citi taps former UBS exec to head family office unit
The firm is tapping the veteran business-builder and reshuffling key members of its wealth unit as it looks to bolster its UHNW division.
Goldman plans to expand model portfolio business
The firm is vying to be a top player in a an industry that's projected to grow to $11 trillion by 2028.
LPL expands Mississippi presence with family practice
The veteran advisor and his two sons are joining the IBD after managing $250M at Wells Fargo.
Citi pays Andy Sieg $11.3M for first 3 months as wealth head
The size of award underscores Citi's desire to overhaul its struggling wealth division.
Raymond James taps Paul Reilly’s successor
Company announces only the fourth chief executive in its history.
B-D network Wentworth closes deal to go public
Using the company's stock creates opportunities for financing deals, CEO says
